Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,318 people, 1,142 houses or apartments, and a median cost of homes of $291,174, West Fork real estate is some of the most expensive in Arkansas, although West Fork home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in West Fork, accounting for 96.78% of the city's housing units. Other types of housing that are prevalent in West Fork include duplexes, homes converted to apartments or other small apartment buildings ( 1.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Fork. Owner-occupied housing accounts for 79.95% of West Fork's homes, and 78.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in West Fork built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Fork built between 1940-1969 ( 21.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.36%). There's also some housing in West Fork built before 1939 ( 8.53%).
In the last 10 years, West Fork has experienced some of the highest home appreciation rates of any community in the nation. West Fork real estate appreciated 139.06% over the last ten years, which is an average annual home appreciation rate of 9.11%, putting West Fork in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, West Fork definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in West Fork that despite a nationwide downturn in the housing market, West Fork real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Fork appreciation rates continue to be some of the highest in America, at 9.07%, which is higher than appreciation rates in 81.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Fork. West Fork appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.48%.
Relative to Arkansas, our data show that West Fork's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.
$291,174
for Arkansas
for nation
1,142
$1,787 / per month